STAR transfers initiative continues to grow
The STAR accreditation scheme has been awarding firms for the transfer of savings, investments and pensions for the last two years. The award scheme was initially launched in 2017, by Criterion and TeX, as a method of tackling the continuous delay of transfers, which has been the source of deep frustration in the industry for years.
STAR continues to work with the industry to provide a more efficient transfer process to benefit consumers, which is in line with the FCA’s new Consumer Duty rules. In fact, the FCA recently wrote to platforms to reiterate its support of STAR and highlight its plans for firms that don’t engage with STAR:
As we come to the end of 2023, STAR has awarded another four brands with accreditations, bringing the total of accredited brands to 33. A huge well done to all the firms that have been accredited or taken part in the 2023 STAR accreditations.
|Fidelity International||Personal Pension, SIPP and SSAS||Gold|
|M&G Securities||Asset Manager||Gold|
|ReAssure||Personal Pension, SIPP and SSAS||Silver|
To speak to a STAR representative to discuss the 2024 accreditations, please email email@example.com.